Fall 2020 Newsletter
Many first-time classic car owners and enthusiasts ask us questions or seek advice about long-term ownership of classic cars - and more specifically about what proactive steps they can take to ensure their pride and joy holds its value as time goes on. While each car and situation is different, there are several fundamental and quite simple rules that owners may follow to ensure that if they ever desire to part with their classic that they will be able to do so in a profitable manner.
This is arguably one of the most important factors in maintaining the value of your classic. While not always possible, it is good to repair existing parts and working with NOS (i.e. "new old stock") or otherwise stock parts specifically designed for that vehicle. Newer parts placed in classic and vintage cars can not only create operational issues, but severely impact a car's value as well.
The options and possibilities for modifications with virtually any classic car are tremendous, and in the modern world we live in, quite tempting to implement. But if you own an original, stock classic car and are looking to eventually sell it, you should be cautious with modifications, as changes can have a direct hit on the value of your car. However, if you do plan on keeping the car and are not focused on monetary values, many modifications and additions to classics can greatly improve your own personal experience with using the vehicle. Establish your true goals with the car first - i.e. personal enjoyment or investment - and adjust your game plan accordingly.
Indoor storage options are a near must to maintain the value of your classic. Harsh weather patterns of all types can have profoundly negative impacts on your vehicle; from paint fades due to sitting under the hot sun, to icy cold weather causing operational issues, the elements will keep coming at your pride and joy. Keep it safe by keeping it indoors when not operating or showing.